Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in IDT Corporation (NYSE:IDT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 5,525 shares of IDT Corporation, valued at approximately $283,000, during the first quarter.
• IDT Corporation reported a $0.87 EPS for the quarter, with a net margin of 7.85% and revenue of $301.98 million.
• The company has declared a quarterly dividend of $0.06 per share, representing an annualized dividend of $0.24 and a yield of 0.4%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in IDT Corporation (NYSE:IDT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,525 shares of the utilities provider's stock, valued at approximately $283,000.

Several other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in shares of IDT by 209.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 86,741 shares of the utilities provider's stock valued at $4,451,000 after acquiring an additional 58,727 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in IDT by 0.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 514,043 shares of the utilities provider's stock worth $26,376,000 after purchasing an additional 2,768 shares during the period. ProShare Advisors LLC purchased a new position in shares of IDT in the fourth quarter worth about $206,000. Assenagon Asset Management S.A. bought a new stake in shares of IDT in the first quarter valued at approximately $1,063,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in IDT by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider's stock worth $417,000 after buying an additional 303 shares during the period. 59.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded IDT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.

IDT Stock Performance

NYSE IDT traded up $0.28 during trading hours on Friday, hitting $60.56. The company had a trading volume of 34,772 shares, compared to its average volume of 144,772. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.99 and a beta of 0.74. IDT Corporation has a 52 week low of $34.48 and a 52 week high of $71.12. The firm has a 50 day simple moving average of $62.63 and a 200 day simple moving average of $54.94.

IDT (NYSE:IDT - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The utilities provider reported $0.87 EPS for the quarter. The company had revenue of $301.98 million during the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%.

IDT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. IDT's dividend payout ratio (DPR) is presently 6.33%.

IDT Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.